We value NGOs' participation, we have conducted a workshop recently and a consultation meeting of more than 125 NGOs who are working in the field, with the masses, in forest, in wildlife and many other things.

The ideal equity cheque for each investment will be 125 to 275 million euros from the fund, but together with co-investments from our investors the total equity investment can be up to 1 billion euros and the enterprise value (deal value including debt), even up to 2 billion euros.

The approach to 125 yen takes dollar/yen into politically sensitive territory. Any big gains by the dollar just as the Trans-Pacific Partnership (TPP) talks are climaxing could stimulate those on both sides of the Pacific opposed to the negotiations, and the authorities would not want that.

Right now the market is simply welcoming a weaker yen. The currency will have to depreciate significantly further before concerns set in that the yen is perhaps too weak, the Nikkei can challenge the June 24 peak (18-1/2 year high of 20,952.71) if dollar/yen builds a firm foothold above 125.